Loss on sale of a house property
This query is : Resolved
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27 June 2022
Dear Sir,
My brother had purchased a 3 BHK flat in Gurgaon in 2014 which he recently sold out but during this process, he suffered a loss. My question is: Can a loss on sale of a house property be set off against Capital gains ( Long term / short term) of mutual funds / shares transactions?
Regards.
Paritosh Zaveri
My brother had purchased a 3 BHK flat in Gurgaon in 2014 which he recently sold out but during this process, he suffered a loss. My question is: Can a loss on sale of a house property be set off against Capital gains ( Long term / short term) of mutual funds / shares transactions?
Regards.
Paritosh Zaveri
28 June 2022
Such loss can be set off against long term capital gains only.
28 June 2022
Thanks very much Seetharaman Sir.
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